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Parliament will have to approve the waiver, which expires at the
end of October, in a vote.
"We have to prevent a situation where businesses must file for
bankruptcy simply because they could not access financial aid in
time," Justice Minister Christine Lambrecht said in a statement.
German Finance Minister Olaf Scholz said on Tuesday that
rebuilding would cost more than 6 billion euros ($7.11 billion).
He was speaking during a visit to one of the towns affected by
the floods, which killed at least 180 people and were the most
devastating in more than 60 years.
Germany introduced a similar waiver last year to prevent a wave
of insolvencies resulting from the lockdowns implemented to
contain the novel coronavirus.
(Reporting by Christian Kraemer; Writing by Joseph Nasr; editing
by Barbara Lewis)
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